Sinad Holding Co. — Capital/Financing Update 2021

Dec 8, 2021

Aseer Trading, Tourism and Manufacturing Co. Announces Obtaining a Sharia compliant short term revolving Murabaha financing

4080 · 08/12/2021 08:04:56 · Announcement #65873 · View on Saudi Exchange

Aseer Trading, Tourism and Manufacturing Co. Announces Obtaining a Sharia compliant short term revolving Murabaha financing

Element List	Explanation
Introduction	Aseer Company for Trading, Tourism, Manufacturing, Agriculture, Real Estate and Contracting obtained Short term Revolving Murabaha financing for purchase and sell of Islamic commodities from SAIB.
Date of obtaining the funding	2021-12-07 Corresponding to 1443-05-03
Financing entity	The Saudi Investment Bank
Financing amount.	SAR 200 million
Financing duration.	One Year from FLA date and renewable on annual basis
Guarantees offered for the financing	Order note and Pledge of shares
Financing objective	To repay existing Sar 140 million outstanding short term Murabaha financing line with one of the local banks and the remaining Sar 60 million to enhance the company’s cash flow position whenever needed.
Related Parties	N/A

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.